WIKIFX REPORT: Amazon Announces Stock Split
Abstract：On March 9, Amazon approved a $10 billion stock buyback and a 20-1 stock split. The split, according to the board, "will allow our workers more flexibility in how they handle their equity in Amazon and make the share price more approachable for others wishing to invest."
Amazon approved a 20-1 stock split and a $10 billion stock buyback on March 9. The board said the split would give our employees more flexibility in how they manage their equity in Amazon and make the share price more accessible for people looking to invest. The approval happens since the .com boom. Investors and traders with shares or open positions in AMZN stock will gain 20 times more shares.
What does this mean for you？
A stock split is one sign that a company is thriving—and there‘s no question that Amazon runs a very healthy business. If you have open share CFD positions in AMZN at the close of business on Friday the 3rd of June, you will get 20 share CFD’s for each CFD you hold. The price per share CFD will also decrease by 1/20th to take this stock split into account.
Basically, the market value of your AMZN share CFD‘s will not be affected even though you will gain 20 times more share CFD’s in your portfolio.
This will come into effect over the weekend, ready for when trading resumes on Monday the 6th of June.
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